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VOL. 133 | NO. 124 | Thursday, June 21, 2018

Binghampton Apartments, Parkside TIF Get EDGE Greenlight

Several hundred new apartments, a South Memphis grocery store and a new TIF district were all given the green light by the Economic Development Growth Engine for Memphis and Shelby County during a busy Wednesday, June 20, board meeting. 

IP Promotes Nicholls to CFO

Long-time International Paper executive Tim Nicholls is the Memphis-based company’s new chief financial officer, the company announced Wednesday, June 20.

Corker and Alexander Immigration Policy Reactions Differ As Trump Makes Changes

As President Donald Trump announced Wednesday, June 20, that he would reverse his administration's policy on separating children from parents who cross the U.S.-Mexico border illegally or seeking asylum, U.S. Senator Lamar Alexander of Tennessee was among the Republican lawmakers sitting around the table with Trump.

SPORTS

Risk-Reward

A myriad of possibilities for Grizzlies in NBA Draft

Rumor. Speculation. Gossip. Yes, there is all of that heading into the 2018 NBA Draft on Thursday, June 21, at the Barclays Center in New York. So take your pick from the following: The Memphis Grizzlies will hold on to their No. 4 overall pick. Or they will trade up. Or they will trade down.

Local Weather
Currently
Memphis, TN
79.0°F
Partly Cloudy
Wind: South at 8.1 mph
Humidity: 85%

EVENTS

The Shelby County Real Estate Road Show, co-sponsored by the Shelby County Trustee’s Office and Chandler Reports, is Thursday, June 21, from 5:30 p.m. to 7 p.m. (registration 5 p.m.) at Memphis Botanic Garden, 750 Cherry Road. Learn about the county’s tax sale process and anti-blight initiative, plus how to buy properties through Shelby County Land Bank. Cost is free. Register at rersmemphis621.eventbrite.com.

more events »

Last Word: Draft Day, EDGE's Busy Plate and The Day After In D.C.

There are two ways – at least -- to look at Thursday’s NBA draft. This could be the day that Hasheem Thabeet’s symbolic legacy, which has endured much longer than he was actually on Memphis soil, is put to rest or it could be the day he becomes a permanent part of Memphis basketball culture.

Council Approves 13-Year Contract with MRPP

Memphis City Council members gave the Memphis River Parks Partnership a 13-year contract to manage and operate the city’s riverside parks Tuesday, June 19, with a 10-year renewal option.

FedEx Q4 Profits Beat Wall Street Estimates

Memphis-based FedEx Corp. posted a solid growth during its fiscal fourth quarter and full year, with company executives saying the shipping giant can adjust if looming tariffs disrupt trade patterns with China.

VIEW FROM THE HILL

Enthusiasm Not Enough to Turn Tennessee Blue

Tennessee’s legislative Democrats are eternally optimistic. They don’t have much choice but to look on the bright side with 75-24 and 28-5 deficits in the House and Senate.

LOCAL COLUMNISTS

Celebrating Resilient Puerto Rico

A jazz band played in Old San Juan. It was beautiful. I stood in this old courtyard, staring up at the moon shining over the old city. I was here before, four years ago. That afternoon four years ago, I walked in a gentle afternoon tropical rain.

REGIONAL NEWS

Ten Commandments display opponents want lawsuits merged

LITTLE ROCK, Ark. (AP) — Opponents of Arkansas' Ten Commandments monument want to merge lawsuits seeking to have the display removed from state Capitol grounds.

US, China tariffs talk threatens Arkansas soybean industry

LITTLE ROCK, Ark. (AP) — Farmers say President Donald Trump's plans to place tariffs on more Chinese goods are worsening a situation for Arkansas' soybean producers.

Judge dismisses suit over Mississippi city flying state flag

JACKSON, Miss. (AP) — A federal judge is dismissing a lawsuit that sought to block a Mississippi Gulf Coast city from flying the state flag that features the Confederate battle emblem.

Mississippi Medicaid: No quick end to drug, physician caps

JACKON, Miss. (AP) — Mississippi's Medicaid agency said it won't immediately lift caps on the number of times a patient can visit a doctor, or the number of drug prescriptions a patient can receive.

US NEWS

In reversal, Trump signs order stopping family separation

WASHINGTON (AP) — Bowing to pressure from anxious allies, President Donald Trump signed an executive order Wednesday ending the process of separating children from families after they are detained crossing the U.S. border illegally.

Study: Plastic will pile up in wake of China recycling ban

PORTLAND, Maine (AP) — China's decision to stop accepting plastic waste from other countries is causing plastic to pile up around the globe, and wealthy countries must find a way to slow the accumulation of one of the most ubiquitous materials on the planet, a group of scientists said.

Meat 2.0? Clean Meat? Spat Shows the Power of Food Wording

That question has yet to be decided by regulators, but for the moment it's pitting animal rights advocates and others against cattle ranchers in a war of words.

A Look at How ‘Cultured’ Meat Works

A new term is causing heartburn for beef, chicken and pork producers: "Clean meat."

NATIONAL BUSINESS

Over 100 arrested in another large-scale immigration raid

TOLEDO, Ohio (AP) — More than 100 workers were arrested at an Ohio meatpacking plant by federal agents following a yearlong immigration investigation, the second large-scale raid within the state in the past two weeks.

Are sugar worries weighing on Frappuccino sales?

NEW YORK (AP) — Frappuccino sales are struggling, and concerns about how much sugar the slushy drinks contain may be among the reasons.

US stocks rise as trade fears ebb and tech companies lead

NEW YORK (AP) — U.S. stocks are rising Wednesday, led by technology and media companies, as global markets let go of some of their fears about the growing trade dispute between the U.S. and China. Still, investors are favoring the companies they think are less vulnerable to tariffs. Twenty-First Century Fox is jumping after Disney agreed to buy Fox's entertainment businesses for more than $71.3 billion, topping an offer from Comcast. Investors are hoping that will be followed by other deals.

PERSONAL FINANCE

New Grads, Unlock Your Future With a Credit Check-Up

In college, establishing credit felt about as pressing as an optional homework assignment. But now that you've graduated, it's suddenly at the top of your summer to-do list, with a deadline of ASAP. And for good reason.

TECHNOLOGY

IBM Computer Proves Formidable Against 2 Human Debaters

SAN FRANCISCO (AP) – An argumentative computer proved formidable against two human debaters as IBM gave its first public demonstration of new artificial intelligence technology it's been working on for more than five years.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 0 60 1,918
BUILDING PERMITS 0 784 24,948
BANKRUPTCIES 55 288 7,761
BUSINESS LICENSES 23 184 4,083
UTILITY CONNECTIONS 0 144 4,825
MARRIAGE LICENSES 16 81 2,625

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The Memphis News: Business, politics, and the public interest.